Introducing an exceptional opportunity for visionary investors and developers to acquire a strategically located plot of land with RM1 Zoning in the highly sought-after neighborhood of University City. Situated in close proximity to Clark Park, Saint Joseph's University, Baltimore Avenue, and the vibrant University City district, this expansive lot offers endless possibilities for a lucrative real estate venture.
Key Features:
Location: Nestled in a thriving community, this plot of land is conveniently situated near Clark Park, providing residents with a serene oasis and recreational opportunities right at their doorstep. The proximity to Saint Joseph's University and the lively Baltimore Avenue guarantees a steady stream of potential tenants or buyers.
Zoning Advantage: Boasting RM1 Zoning, this property presents a unique opportunity to build up to 7 units by right. The potential for multiple units opens up a variety of development options, including condos, apartments, or even townhomes, catering to the diverse needs of the market.
Expansion Potential: An adjacent plot of land with similar attributes is also available for purchase, creating the possibility for a combined development project. Imagine the advantage of maximizing your investment by seamlessly merging these lots to create a larger, more impactful development.
Soil Test Performed: With a comprehensive soil test already conducted, you can move forward with your development plans confidently and efficiently. This invaluable information ensures a smooth construction process, saving you time and resources.
Seize the opportunity to transform this blank canvas into a vibrant community hub or a lucrative income-generating asset. With the ideal location, zoning advantage, and the potential for expansion, these lots offer a remarkable chance to leave your mark on a rapidly growing neighborhood.
The income description goes here to explain
List Price | $275,000 |
Property Type | Lots/Land |
Usable Sqft | Unknown |
Number of Stories | 0 stories |
Parking Spots | 0 spots |
Year Built | 0 |
Last Sold | Unknown |
Sold Price | Unknown |
APN # | 272148900 |
MLS # | PAPH2270570 |
Property ID | 294194220 |
Lot Sqft | 1,552 |
Zoning | RM1 |
Days on Market | 502 |
Original List Price | Unknown |
Date Updated | October 15, 2024 |
Date Created | August 21, 2023 |
Joseph M. Loonstyn Jr. an agent of . Lic #RS351792
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California ## 01956587
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT